The paper said Samsung will make Qualcomm’s Snapdragon 830 mobile processors using 10-nanometre production technology, adding that the South Korean firm agreed to use the processors in half of its next update of the Galaxy S smartphone that will launch in 2017.

Samsung said in January it was the sole manufacturer of the predecessor Snapdragon 820 chips - a deal that some analysts said at the time was worth more than $1 billion.

Samsung did not immediately comment on the report, and Qualcomm could not be immediately reached for comment.